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DICKERSON FLORIDA, INC. <br />(A Wholly-owned Subsidiary of The Dickerson Group., Inc.) <br />NOTES TO FINANCIAL STATEMENTS <br />DECEMBER 31, 2019 and 2018 <br />(1) Summary of Significant Accounting Policies (continued) <br />(h) Income Taxes (continued) <br />December 31, 2017 through 2019 were open for potential <br />examination by taxing authorities. No liabilities for <br />uncertain income tax positions were recorded as of December <br />31, 2019. <br />(i) Surety Bonds <br />In connection with its normal construction activities, the <br />Company may be required to obtain bonds. The surety <br />issuing the bonds has recourse against the Company's assets <br />in the event the surety is required to honor the bonds. <br />(j) Advertising <br />The Company expenses advertising costs as they are <br />incurred. <br />(k) Subsequent Events <br />In preparing its financial statements, the Company has <br />evaluated subsequent events through April 22, 2020, which <br />is the. date the financial statements were available to be <br />issued. <br />(2) Bank Depository -Concentration of Cash <br />The Company maintains certain cash balances with a North <br />Carolina bank. that includes funds greater than_ the federally <br />insured limit. The Company has uninsured balances, including <br />outstanding checks at this bank ,of $1,797,990 and $2,574,334 at <br />December 31, 2019 and 2018, respectively. <br />(continued) <br />(15) <br />